KBR Inc. (KBR) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of KBR Inc. (NYSE:KBR) have been given a consensus recommendation of “Hold” by the fifteen analysts that are currently covering the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $17.26.
Several research analysts have weighed in on the company. Goldman Sachs Group Inc. cut KBR from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $16.00 to $15.00 in a research report on Tuesday, October 11th. Janney Montgomery Scott reaffirmed a “buy” rating on shares of KBR in a research report on Tuesday, August 16th. DA Davidson set a $20.00 price target on KBR and gave the company a “buy” rating in a research report on Monday, August 15th. Zacks Investment Research cut KBR from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Finally, MKM Partners set a $15.00 price target on KBR and gave the company a “hold” rating in a research report on Monday, October 3rd.
KBR (NYSE:KBR) last announced its quarterly earnings results on Tuesday, November 1st. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.09. KBR had a return on equity of 16.67% and a net margin of 1.64%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted $0.40 EPS. The company’s quarterly revenue was down 10.5% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $0.32 dividend on an annualized basis and a yield of 2.01%. KBR’s dividend payout ratio is currently 68.09%.
A number of institutional investors have recently made changes to their positions in the company. BlackRock Institutional Trust Company N.A. raised its position in shares of KBR by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,170,243 shares of the company’s stock worth $64,555,000 after buying an additional 15,371 shares in the last quarter. M&T Bank Corp acquired a new position in shares of KBR during the first quarter worth $187,000. State Street Corp raised its position in shares of KBR by 7.5% in the first quarter. State Street Corp now owns 4,150,213 shares of the company’s stock worth $64,246,000 after buying an additional 288,260 shares in the last quarter. Geode Capital Management LLC raised its position in shares of KBR by 3.8% in the first quarter. Geode Capital Management LLC now owns 890,036 shares of the company’s stock worth $13,777,000 after buying an additional 32,750 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new position in shares of KBR during the first quarter worth $268,000. Institutional investors and hedge funds own 96.88% of the company’s stock.
KBR, Inc (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS).
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